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Economic Update with Richard D. Wolff

The Missing Economics of the 2024 US Presidential Election

Economic Update with Richard D. Wolff

Democracy at Work

Coops, Economics, Economy, Workercooperative, Capitalism, Politics, News, Government

4.81.9K Ratings

🗓️ 29 October 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

On this week’s episode of Economic Update, with the 2024 U.S. Presidential Election 8 days away, Professor Richard Wolff explores the shared refusal of both major candidates and their parties to face and debate solutions to the major problems facing US capitalism in 2024: (1) Inequality, (2) instability and (3) a declining empire. Instead we are witnessing both Trump and Harris compete to be the "cheerleader in chief"  for capitalism. 

Missing from the discourse is a genuine opposition party that might dare to offer an alternative non-capitalist vision and solution to the system's deepening problems.

 

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Transcript

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0:00.0

And the Welcome friends to another edition of Economic Update, a weekly program devoted to the

0:26.3

economic dimensions of our lives and those of our children. I'm your host Richard

0:31.9

Wolf. I want to quickly remind you that Charlie Fabian is

0:36.0

available if you have suggestions and ideas for our programs you can reach him at Charlie dot info 438 at gmail.com and I also want to remind you

0:49.5

about our new book. Understanding Capitalism available via our website which you know. If you

0:58.6

like this program I think you will like that book. It is an attempt to give you an overview of the

1:05.0

capitalist system that incorporates the many particular analytical

1:10.8

arguments that we offer week after week after year. If they have

1:16.1

proven interesting to you I think this book will do that as well and it's

1:22.1

particularly useful for people who want,

1:25.3

who are active, who want to be teachers or students,

1:29.5

to get a concentrated dose of a critical understanding. a

1:33.4

concentrated dose of a critical understanding of capitalism to go along with and to balance

1:38.9

the celebration of capitalism that is literally the air most of us breathe.

1:46.0

Okay, today's program is different from others.

1:51.0

It's not a collection of particular pieces of analysis. It's rather an

1:56.5

attempt to respond to what a great many of you have asked, an assessment of the economics of the election of the Trump versus Harris effort

2:10.5

that is now coming to a head, and where you have asked me to talk about what the differences

2:20.0

are, what their economic programs look like, what we can or should expect.

2:28.5

So here's my response to that perfectly reasonable request.

2:34.0

Here we go.

2:36.0

First of all, there are plenty of reasons to support Mr. Trump over Harris or vice versa. They have important differences on issues you know about.

...

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